New Deal
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New Deal
a government programme introduced in 1998 aimed at reducing youth UNEMPLOYMENT and long-term unemployment amongst older workers. Persons qualifying for the youth scheme must be aged between 18-24 and have received the JOBSEEKERS ALLOWANCE for at least 6 months. Participants in the scheme are offered support and advice in seeking paid work for 4 months (the ‘Gateway’ period). After this if they are still unemployed they are placed on one of 4 options; (1) subsidized employment (2) work with a voluntary organization(3) work with an environmental task force (each of the options lasts 6 months) or (4) a one year training or education course.Persons qualifying for the long-term unemployed scheme must be aged 25 or over and have received the jobseekers allowance for at least two years.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
New Deal
a government programme introduced in 1998 aimed at reducing youth UNEMPLOYMENT and long-term unemployment amongst older workers. Persons qualifying for the youth scheme must be aged between 18 and 24 and have received the JOBSEEKERS ALLOWANCE for at least six months. Participants in the scheme are offered support and advice in seeking paid work for four months (the ‘Gateway’ period). After this, if they are still unemployed, they are placed on one of four options:- subsidized employment;
- work with a voluntary organization;
- work with an environmental task force (each of these options lasts six months); or
- a one-year training or education course. Persons qualifying for the long-term unemployed scheme must be aged 25 or over and have received the jobseekers allowance for at least two years. See SUPPLY-SIDE ECONOMICS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005